SPRINGFIELD – State Sen. Bill Haine (D-Alton) introduced a resolution Wednesday urging the U.S. Department of Commerce and President Obama to investigate unfair South Korean trade practices.
There have been recent reports of low-quality, Korean-made steel being dumped into the U.S. market. These goods are being brought into the U.S. through deceptive trade practices and are being sold far below the fair market price.
“This cheap, low-quality steel is hurting the American economy and the federal government shouldn’t sit by while this happens. The Granite City steel works employs skilled workers who could face losing their jobs if their first-rate product continues to be undercut by shoddy foreign steel,” Haine said.
Senate Resolution 1243 urges the Department of Commerce to investigate South Korean companies’ trade practices and protect the value of American-made steel.
When it is adopted by the Senate, a copy of the resolution will be sent to President Obama.